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Bookkeeping

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.
Which manual bookkeeping system has a built-in way to check for errors?
a)
Single-entry system 
b)
Pegboard system 
c)
Double-entry systems 
2.
Which of the following definitions best describes a write-off? 
a)
An insurance adjustment 
b)
An extension of professional courtesy 
c)
A cancellation of a fee
d)
An extension of credit 
3.
A physician might extend a professional courtesy to the medical office assistant.  
a)
True
b)
False 
4.
In which of the following ledgers must an OUTSTANDING balance be recorded?
a)
Patient Ledger 
b)
Both Check Ledger and accounts payable ledger 
c)
Accounts Receivable Ledger 
d)
Both patient and accounts receivable 
5.
Payments received by mail do not have to be posted in the patient ledger. 
a)
True 
b)
False 
6.
When stamped on a check what dose NSF stand for? 
a)
National Service Framework
b)
National Securities Federation 
c)
No Sale Final 
d)
Non-sufficient funds 
7.

When do day sheets need to be update?

a)

As each transaction takes place

b)

At the end of the week

c)

After 5 or more transactions

d)

At the end of each day

8.

If a physician treats a fellow health care worker and does not collect the remaining fee after that worker's insurance contribution is received, this is what kind of adjustment?

a)

An Extension of credit

b)

An NSF check adjustment

c)

Professional courtesy

d)

A write-off of bad debt

9.
Which of the following best describes an account payable ledger? 
a)
A book of all remaining patient balances. 
b)
A book of daily financial summaries.
c)
A book of all office debts that have not been paid
d)
A book of payments received from patients. 
10.
What should be done with the old NSF check after an alternate from of payment has arrived and been fully processed? 
a)
It should be destroyed 
b)
It should be filed with the cancelled checks for the auditor 
c)
It should be sent back to the check writer 
d)
It should be forwarded to the bank